If common stock is issued for an amount greater than par value. the excess should be credited to


1. If common stock is issued for an amount greater than par value, the excess should be credited to a. Cash. b. Retained Earn

Answer

Question 31 – the correct option is C – paid-in capital in excess of par value Question 32 – the correct option is C – paid-in capital in excess of par value will be credited for $130,000. Question 33 – the correct option is A – common stock will be credited for $15,000 Question 34 – the correct option is D – contra stockholders equity account Question 35 – the correct option is D Question 36 – the correct option is D Question 37 –

the correct option is A – is the date the dividend is actually paid

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